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Tax Reform and state taxes

States taxes – taxpayer is ok to pay reasonable 2017 estimated state taxes prior to end of year but consider AMT consequences and note that state taxes can still reduce NIIT. Do not prepay 2018 state tax as it can cause penalties. Feel free to call today with any questions. 800-425-0570 or email contact@MrSmartTax.com

New Office Artwork!

Thank you Craig Kausen, Linda Jones Enterprises and the Chuck Jones Center For Creativity for the new office artwork! #whatsupdoc #wileecoyote

California Appellate Court Rules Against FTB in Swart Case

Swart case could be a small but notable victory for out-of-state ownership of a California LLC. Currently, California’s franchise tax is imposed on the net income of every corporation “doing business within the limits of this state.” (§ 23151, subd. (a).) For tax years prior to January 1, 2011, section 23101 defined “doing business” as “actively […]

Too many tax clients? Want to sell your tax practice?

  Too many tax clients? Want to sell your tax practice? If yes, then I would like to extend to you an invitation to our practitioner network for tax client referrals & tax practice acquisitions – we offer a “dollar per client” or “% of fee”. We have had tremendous success growing organically, but we […]

As Holidays Approach, IRS Reminds Taxpayers of Refund Delays in 2017

  IR-2016-152, Nov. 22, 2016 WASHINGTON — As the holidays approach, the Internal Revenue Service today reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February in 2017 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund […]

Tax Season is Coming – Are You Ready?

With the end of the 2016 year quickly approaching, it means that tax season is right around the corner. Are you ready? Mr. Smart Tax, Inc. is  one of the leading full service CPA firms with offices located throughout California. We offer a full range of tax, accounting and financial advisory services and give trusted advice to […]

December 15th 6:30pm-9:00pm Intro to QuickBooks

Mr. Smart Tax, Inc. is excited to present an introductory course on the basics of accounting and Quickbooks software geared for small businesses and self-employed individuals. Learn how to quickly and efficiently gain control over your finances with this powerful accounting software program. MUST bring your own laptop. You will be provided with all other course materials and free […]